Central exit of European sanctions

The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on Iraqi financial institutions. Press reports confirmed the abolition of sanctions imposed on the Central Bank under the former regime, which provided for "the prohibition of dealing with a group of financial institutions and non-financial Iraqi, including the Central Bank of Iraq." In turn, the Central Bank said in a statement that the move comes "to the results achieved by the Central Bank of the great progress in improving its performance and the application of international regulations and standards in this area."

"Under these recent amendments, international financial banking institutions will be allowed to deal with them in accordance with the new regulations as they have become a reliable financial institution to deal with international European institutions," the bank said.

Article Credit: https://www.alsabaah.iq/
Special thanks to Tim Tarkington!!